Best Trading Strategy Of The Week - Still Buying US Treasuries On Dips

December 28, 2012 - 7:51am
If you are following govttrader on twitter, you already know the story. Yesterday afternoon the market shifted value in US Treasuries higher, again. Using 10yr Treasury futures as our reference point, 132-28 became the center of "value" yesterday (Thursday)...after the center of value originally being 132-16 on Wednesday. So, last night, I bought ZN @ 132-24 (documented on twitter), and this morning, sold my ZN to get flat at 133-02 (also documented on twitter) (twitter is the first place to get this info, so please subscribe to the govttrader feed for free). The Treasury market is again seeking a price level where buyers and sellers can agree for a period of time so they can transact significant volume just like any normal day (thus far, trading volumes have been pretty slim...but price patterns have been consistent with normal trading cycles). The problem with ...
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